LS Opportunity Fund (LSOFX) Receives ‘5 Stars’ from Morningstar

LS Opportunity Fund (LSOFX) Receives ‘5 Stars’ from Morningstar

The LS Opportunity Fund (Institutional Class: LSOFX) receives an Overall rating of ‘5 Stars’ from Morningstar, out of 198 funds in the US Fund Long-Short Equity Category, based on historical risk-adjusted returns as of 11/30/2019.

“We are honored to receive the 5-star Morningstar® rating,” says Matthew West, CEO of Long Short Advisors, LLC (Advisor to the Fund). “This recognition evidences the consistent investment process of the entire Prospector team as they continue their 20-year plus legacy of successfully managing long-short equity portfolios,” he concluded.

The LS Opportunity Fund strives to generate superior risk-adjusted returns through a fundamental long-short stock selection process. “Unlike many long-short equity funds, the portfolio managers of LSOFX have the experience that can only be gained by investing throughout multiple full market cycles,” explains Dane Czaplicki, Director of Research at Long Short Advisors, LLC.

On 5/31/2015, Prospector Partners, LLC (“Prospector”) became the sub-advisor to the LS Opportunity Fund (“LSOFX”). Prospector Partners’ investment approach aims to identify compelling long/short investment opportunities through a bottom-up stock selection process based upon in-depth analysis of business and financial fundamentals.

The Fund received 5 stars overall as of 11/30/2019.

Source: Morningstar Direct

The LS Opportunity Fund offers an Institutional Class (LSOFX; $5,000 minimum initial investment). The Fund is available for purchase at various custodians including: Fidelity, Charles Schwab, TD Ameritrade and Commonwealth.

Source: Morningstar Direct

As of 9/30/2019, LSOFX average annual returns are 4.05% for the one year period, 5.42% for the 5 year period, and 6.48% for the period since inception on 10/1/2010.

The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1.877.338.8783. The gross expense ratio is 3.13%. The net expense ratio is 2.91% (contractual through September 30, 2020).

About Long Short Advisors
Long Short Advisors, LLC is a Philadelphia, PA-based investment manager that leverages its experience in finding undiscovered, capacity constrained managers with a long- term track record and a significant personal investment in their strategies. Founded by Matthew West, CIMA®, the firm’s investment team has over 70 years in combined experience. To learn more, visit www.longshortadvisors.com.

About Prospector Partners
Prospector Partners, LLC is a Guilford, CT-based investment manager founded by John Gillespie in 1997 with the mission of delivering differentiated, consistent, and reliable performance to its invested partners. Over 20 years, Prospector has grown into a uniquely focused, institutionally built investment firm with a specialized approach to long/short equity investing. To learn more, visit www.prospectorpartners.com.

About Morningstar, Inc and the Star Rating System
The Morningstar Rating TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds
and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. LSOFX received 4 stars out of 198 funds and 5 stars out of 135 funds for the 3 year and 5 year periods, respectively, ending 11/30/2019.

©2019 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Disclosures

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-877-336-6763.

Distributed by Unified Financial Securities, LLC.

There is no guarantee that this or any investment strategy will succeed; the strategy is not an
indicator of future performance, and investment results may vary. Investment in shares of a long/short equity fund has the potential for significant risk and volatility. A short equity strategy can diminish returns in a rising market as well as having the potential for unlimited losses. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized.

Past performance is no guarantee of future results.

9311785-UNI-12/23/2019

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